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CSPAN
Dec 5, 2012 9:00am EST
to the labour party. they want to be in government and they claim they want to cut the deficit. what would they cut? what would they cut? if they object to the local government settlement and the object to the defense settlement and the objective the nhs budget and the object to the education budget, even though nhs schools are going up, and what exactly would they do? the problem is as was evident from the shadow chancellor's response, they didn't have anything to say on these matters but if they had a credible deficit plan then we would listen to the questions they ask us about the priorities of those plans. >> john stephenson. >> this cools and colleges of 270 million are extremely welcome. schools and colleges such as those in my constituency plans on the runway ready to take off, just in a little additional financial support. will the chancellor help those colleges and schools? >> i'm very happy to look personally at the case my honorable friend makes for his local education facility. these are of course other government departments but we have provided the money for education, for ne
Current
Dec 3, 2012 6:00am PST
. [ screaming ] oh grover! electric deficit boogaloo. 29 minutes after the hour. right back on "the stephanie miller show." >> wow! i've never seen anything like this. >> when disaster strikes sometimes the only way out is to look within. current tv digs deep into the determination and escape. "trapped" experience the drama. back to back to back. >> hold on mates! >> catch the "trapped" mini-marathon saturday starting at 1 eastern. on current tv. rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth on. also in minis. get irresistibly clean and fresh carpets in your home with resolve deep clean powder. the moist powder removes three times more dirt than vacuuming alone while neutralizing odors for a clean you can see, smell and really enjoy. don't just vacuum clean. resolve clean. [ singing christmas carols in background ] aunt sally's singing again. it's a tradition honey. [ singing christmas carols ] mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ f
Current
Dec 3, 2012 9:00am PST
. tea party 2, the sequel. [ screaming ] oh grover! electric deficit boogaloo. 29 minutes after the hour. right back on "the stephanie miller show." alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. salads, sandwiches, and more. rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth
PBS
Dec 7, 2012 11:00pm PST
. let me give you an example, all right? is deficit reduction a serious issue? it is. i'm in the middle of that debate right now. but you know what is a more serious issue according to the american people? the need to create millions and millions of jobs. now how often are you turning on tv and saying, "hey, we're in the middle of a terrible recession. it is, we have 15% real unemployment or underemployment in america. we've got to create millions of jobs." that's what working people are saying, but the big money interests are saying, "oh, we've got to cut social security. we've got to cut medicare. we've got to cut medicaid." there is no other option. so i give you that just as an example of how corporate media throws out one set of ideas, where the american people are thinking that jobs are probably more important. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job cr
MSNBC
Dec 2, 2012 5:00am PST
at revenue from somebody. on the state side, when i got elections a $3.65 billion deficit. the worst in the nation. i quickly realized it's too large to tax your way out of or to cut your way out. it had to be a combination. that portion hasn't happened to the extent we presumed it would. this year, we have to trim expenditures by $365 million more than we otherwise would have. but, the grand bargain with the public is, to maintain a level of service they have a comfort level with. to not overdo it, not overextend ones self. >> when grow to voters and say, we are going to raise taxes, what is the pitch? >> i did 14 town hall meetings, no, 17 town hall meetings and got yelled at at every single one of them. we had a conversation with the public about what are the options. if you are talking cutting a budget by 17% because that's what the revenue short fall was, they quickly understood, you can't cut a budget 17% in a single year and sustain the level of services that allow their children to be educate and their mother and father remain in a nursing home and receive benefits and so see
CSPAN
Dec 5, 2012 8:00pm EST
with the president and other ceo's to discuss the impending crisis. we even published their own study on the deficit, copies of which are available here today. we look forward to continuing this conversation, keeping the dialogue on going for the next month is critical if we're going to solve this problem -- and we think our panel will be very enlightening in terms of what the issues are. so, al, with that i will turn it over to you and the panel. we look forward to reproductive hour. thank you very much. >> can everybody hear? i welcome you all to bgov -- if you do not know as much about it as you want, i invite you to stay, because it really is a fabulous place. we do have an all-star panel. i will start with my left, which is where bob corker says i always start. tim pawlenty, former governor of minnesota. i wrote that i thought that if he could get the nomination he would have been the strongest republican presidential candidate. i was absolutely right -- we just could not figure out how to get there from here. tim is now the head of the financial services round table, a job he took just about a
CSPAN
Dec 6, 2012 1:00am EST
, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the eye and explain to them that we aren't willing to pay for the things we are enjoying today but just going to send them the bill. that's why republicans have the proposal on the table that fixes the problem,
SFGTV
Dec 4, 2012 3:00pm PST
deficits, but many things can change. as we all know with a budget, as the economy changes, as we get better revenue forecasts we have a different understanding of the budget and can adapt to it and balance to that level later on. so i really do think that taking a look at some of the funding sources here, it really ought to come i think from a place where the school district says it is their priority and that they're willing and able to use rainy day funds and even not that the reserves that they expect to have towards the end of the year. again they ended last year's school year with a fund balance of -- this year of 26 million. fundamentally i don't disagree with the usage but i think the source of funding is important for the city to consider especially knowing that we have other impacts that may flow down for us. so i will be -- if i could take the amendment in two parts, one to reduce the level of funding from the 2.upon million to the 2.205 and separate out the funding source instead of it coming from the state revenue loss, coming from the rainy day. >> supervisor chu asked to
MSNBC
Dec 8, 2012 4:00am PST
're serious about reducing our deficit, while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one wrins pal i won't compromise on. >> good saturday morning to you, mike. >> hi, alex. >> let's talk about the time line. is there a realistic one in which this can all get done by the beginning of the year? >> i think there is, alex. i think people know the parameters of the year. it's just can they get there, do they have the political will to get there. more importantly, alex, do they have the votes to get there in the house of representatives. you heard the president. he says no compromise on this issue of raising taxes for the wealthy. there's one glimmer of hope, how much to hike taxes. as you know, clinton tax rates for wealthiest americans were 39.6%. that's what's going to happen at the beginning of the year. right now they are 35%. the president has been insisting all along those rat
CSPAN
Dec 4, 2012 1:00pm EST
repeatedly said and our caucus again just confirmed that job creation equals deficit reduction, and we must put the country back to work. we have proposals that are on the floor. we still believe that even with the -- what little time remains and what little time remains when we're actually working, this is still possible. this is still doable. this is not a democrat or republican issue. republicans believe that america needs to go back to work. it's just a matter of having the will to do it, the programs are out there. compromise can be made around the streamlining of regulations to make sure that we are putting people back to work. if chris christy and barack obama can get -- chris cristie and barack obama can get together on that, and i know what's transpired and how the impact of our infrastructure has taken place along the eastern seaboard, it's something we ought to be able to rally around immediately. and of course everyone, everyone deserves a $250,000 tax break. we all agree on that. so why not just simply adopt it and then come back and we'll have time to address the issues as it
FOX News
Dec 7, 2012 3:00pm PST
. >> republicans frequently argue it's critical to get a handle on the deficit before the u.s. becomes like greece. there is a terrible economy with 26% unemployment highest in europe, almost no job opportunities for young people frequentenly lead toro riots in the streets. here is leading democrat is suggesting cutting spending too quickly is a real problem. >> the european community now is concerned about all the austerity. there are many, many things you can do to reduce debt. but still have a stimulus aspect of the economy. >> experts though say europe's us aer the city a drag on the economic growth because it relies too much on taxation while failing to reign in the expansion of government. that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -
CSPAN
Dec 4, 2012 10:00am EST
. not a driver of the deficit but, hey, cut that. one more specific. preserve the bush-era tax rates for income over $250,000. it's not a tax increase for everybody who earns over $250,000. it's only the income over $250,000 that would get additional taxes if the bush-era rates went away and the president's proposal was passed. but, no, they want to preserve -- totally preserve tax cuts for income over $250,000. they want to preserve the reduced capital gains rate and dividends rate which principally who ben pets, who else, millionaires and billionaires. now -- benefits, who else, millionaires and billionaires. they did have the jay wellington wimpy plan. you remember him? popeye. i will pay you for a hamburger today. unspecified tax loopholes. we will lower the tax rates for the people on the top. but they'll raise over $800 billion. the ability to deduct the interest on their home mortgage, do they want to take that away? probably. got to come from something pretty big. they don't want to touch the billionaire, millionaire job creator class. now, you know, that's a pretty interesting position
MSNBC
Dec 2, 2012 9:00am PST
is to go over the fiscal cliff. it maximizing the deficit reduction. there's no deal cut between republicans and democrats. it's not going to reduce the amount of money coming out of the deficit by a lot. so if you do that, you go back to the clinton tax rates, cut some defense and we have a short, mild recession for two quarters. we have to get serious about the deficit e. i have no belief that the congress is going to get serious about the deficit. so tom cole was right because he wants to get the republicans back in the mainstream. but the best thing the country could do is go over the cliff. >> timothy geithner doesn't agree with you on that. >> he may or may not. but i looked at this a lot of ways. the people inside washington are awfully smart and awfully out of touch. we need to do something about the deficit. going over the fiscal cliff is the best thing we're going to get out of washington in terms of serious production to the deficit. we will suffer, but we got ourselves into this. we're not going to get out without some pain. i think we are going to go over the cliff.
CSPAN
Dec 6, 2012 7:00am EST
intervention to curb the deficit. it has been astronomical. then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the middle-class. he should mention the fact that out of control spending has a lot to do with the credit card crunch. specifically because of the middle-class. i think if we get those tax cuts centered with them, i do not think the poll would be affected. you have these small companies that are developing, and he is saying have those small companies hire more people and get them involved, but come consumer expenditures. that is partially i think a solution. host: you are calling on the republican line and you think hillary clinton would make a good candidate. would you vote for her in 2016? caller: i think she would be a very vital aspect to the political process. as far as her running for president, 2016 -- god knows what may happen from this point to that point. as far as her role as a democrat, i think by working along with
CNBC
Dec 6, 2012 7:00pm EST
the deficit we have. the truth is, if you want to balance the budget, which i do, you have to have increased revenues and you have significant spending cuts. and you have said many times on this program that raising taxes on rich people is not enough to deal with the deficit. you are right. the truth is, the best thing we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative
MSNBC
Dec 4, 2012 3:00pm PST
the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern republican party. the right wing went crazy. and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who exploded our deficit. he insisted the solution to our problems were more tax cuts. president clinton handed him a $236 billion surplus. a surplus. and left office with a $1.2 tr
MSNBC
Dec 9, 2012 11:00am PST
revenue to have meaningful deficit reduction. and unfortunately, the changes in the tax code, which the republicans say they want to turn to, will start increasing taxes and cutting tax deductions for the middle class americans. >> senator, can i stop you on that point? i think that's significant. what you just said is what the president has said, is that we can't get enough revenue to solve the problem unless the rates go up. but wait a minute. last summer, in july of 2011, this is what he said about how to get to $1.2 trillion in revenue. listen. >> what we said was, give us $1.2 trillion in additional revenues. which could be accomplished without hiking taxes -- tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions, and engaging in a tax reform process that could have lowered rates generally, while broadening the base. >> so if that was true then, senator, why can't he just do tax deductions? republicans say they would agree to that, and not focus so much on raising the top rates? >> david, we have set a target of cutting $4 trillion ou
SFGTV2
Dec 4, 2012 8:00pm PST
the budget deficit, and real focus that we appreciate in northern california on clean energy. for example, moving the state's goal to be 33% clean energy producing. it is my privilege to welcome governor brown to the panel. [applause] >> and to introduce our next panelist, i would like to welcome steve ballmer, senior bp -- vp. >> good morning and thank you. next up is governor hickel lipper -- hickenlooper. he is the serieaal a entreprener each of you have in your respective parts. he became very successful in the brew pub business. he never had a single election not even for stink -- a student council. governor? [applause] in keeping with the discussion, he is keen on innovation and things of that nature. i know that will come out. thank you, governor. >> are we all set? i am from the "mercury news," and we're here because we live in a global cloueconomy. it has altered local economies because so many manufacturing and technology jobs are moving, whether it is a matter of costs for going where the trained work force is. we're fortunate to have to governors here to talk about how that ch
FOX Business
Dec 5, 2012 5:00pm EST
't raise enough taxes to completely deal with the deficit. and you do have to do reforms. you need to reform the tax system. you certainly need to make additional cuts. i do want to remind you though, that we have already voted on one trillion dollars of cuts, cuts that would cause great pain. i agree what you 100%. it can not be done. melissa: spending cutting numbers are even smaller than the tax numbers. they don't get us there either. i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the income from small business. so they're hiring the majority of people. to me that is going to cost us jobs. >> well, you know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not just about raising tacks. it is also about the debt ceiling. it is about unemployment insurance. we have number of key issues that absolutely have to be resolv
MSNBC
Dec 8, 2012 12:00am PST
to the deficit. it's just irresponsible to even put social security in a discussion as we are trying to get a deal. medicare can, i think, be massaged in terms of means testing. with the upper income individuals paying more or sometimes all of their medical expenses, it makes no sense for the government to pay medicare costs for someone earning $700,000 a year. so i think we can do some means testing. but by no means am i saying it should be low enough so our elderly and poorist americans are going to pay for the deficit. but we want a deal. and keep in mind, i think this is very important. if the bush tax cuts are expired, as they will be, just as sure as today is friday, they are gone, that generates $950 billion toward the deficit over a ten-year period. we'd set aside $1.2 trillion. we're almost there. and if you do means testing on medicare, we make it. >> well, the republicans would never go along with that kind of means testing because that would hit the wealthier americans. that's who they are going to protect. how would that work out? >> what i would hope is if republicans fight a
SFGTV
Dec 7, 2012 12:30am PST
five years the city has also experienceexperienced deficits. because of that we begun to pull on something that is known as the prop h trigger which is when we project 100 million in give to the school district. over the last five years, we have pulled 74 million from our school district.8srz now, last year, when we pulled the trigger again, i think that many of us saw that we had -- we were expectingynnj= another structural deficit as we've seen in the years before. but as we got closer to the night of june 30, i started to see actually that our budget had grown in a positive direction. and i was concerned that, as the states continue to cut our schools that we weren't able to backfill those cuts. i wanted everyone to understand where this supplemental is coming from. it came from what i was seeing wanting to give a small piece back. unexpectedly the school was cut from its after school funding source which is our 21st century funding source. it had been a late cutaupz; so e school district had not prepared to backfill it in their budget process as well. at the same time in
SFGTV
Dec 7, 2012 1:00am PST
to the s budget office. we have not received a deficit forecast for the next fiscal year. i think that's probably coming soon. can you just give an update on that because there was a reference before to having a better budget picture. so i'd like to get some specifics on that. >> through the chair, supervisor wiener, kate howard, mayor's budget director. you're right, we haven't issued budget directions or -- we haven't projected a deficit. that will be coming next week. i can say that the outlook has improved since last year, but we still will be projecting significant deficits in the first year and in the second year. for a variety of reasons, including things like, you know, the new san francisco general hospital, changes with federal healthcare reform, funding our capital plan, all those sorts of choices. but it will be -- i will be going out with budget going out with budget instructions with significant departments to make reductions. >> supervisor wiener: thank you. i ask that question because even though this is a -- in terms of appropriation, even though this is just for this
CNBC
Dec 4, 2012 6:00am EST
accomplish something. if you go back to before bush tax cuts, three quarters of the deficit is gone. it was supposed to sunset two years ago. when is a good time to let those things sunset? >> you're right, there's never a good time. >> maybe do something with the sequester, but let the tax cuts expire. >> although i have to say at this time it's too much i think in terms of the tax increase. >> we never want any pain. >> you're right. and we do need to get our fiscal house in order. but again, this is why the idea would be to come up with a longer term plan where you could scale some of these things in and you have to come up with a plan that you'll stick to, otherwise you get into this where -- >> we never stick to anything. if we get another deal that is toothless and -- >> the markets will become even more skeptical because we've seen this before. but i have to say two things. i don't necessarily buy into the deal that there's a fiscal slope. i have to say on the tax side, one of the things we keep talking about is the amt. boy, that's something that will -- >> howard goes on an
MSNBC
Dec 5, 2012 6:00pm PST
the deficit in the medium to long-term so as to avoid an immediate and dramatic cut in the short-term. yes, that's right. now, this may well present a problem for john boehner's caucus, because john boehner sent a letter to the president this week with his own plan, which advocates what just might be the least popular policy in american politics. okay, maybe that's hyperbole. but just be a tiny bit, i mean, mandatory gay marriage, in which every single married straight person had to immediately divorce their spouse, and accept a state-assigned same-gender spouse to replace them would probably be more popular than what john boehner proposed this week. what bjorn baijohn boehner is a is making medicare available to fewer americans. as it happens, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare.รง 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wants to do to medicare is to raise
CSPAN
Dec 3, 2012 2:55pm EST
if you'd done been the biggest tax loopholes. they don't come close to fulfilling the deficit. how significant are these deductions when we look at their role in the big picture of solving the fiscal clef? >> they can be important, the goal is not to get rid of the budget deficit. i don't think anybody has a realistic hope of getting rid of the budget deficit and a lot of people don't want to get rid of the budget deficit. certainly, opinions differ. they can be a managing part of the deficit. >> do they play a role in negotiations and talks? there is a group advocating for every one of these deductions that people are used to getting. could they end up on the chopping block? >> definitely. >> there is also a link to see more at our website for the gop proposal. we are going live to the house. a requirement that financial restitution set of privacy notices. for what purpose does the gentlewoman rise? >> i move to suspend the rules and pass the bill h.r. 5817. the speaker pro tempore: the clerk will report the title of the bill. caller: h.r. 5817, to provide an exception to the annu
CSPAN
Dec 7, 2012 9:00am EST
the economy. most of the deficit we have today is a symptom of how the economy is and is providing a useful product by injecting demand into the economy, and that is why we are still constrained. host: joseph and is on the democratic line. caller: while this money is turned over to the states on behalf of the employ unemployedw much of that is kept by the state's tax hos? to the states to give that money back to the federal government if it is not paid out? once you open up a claim, just because you have got to clean open, you have $4,000 in your account -- massachusetts, you might have $15,000 in your account. that money, if you do not dried out, the state keeps it, i believe. -- draw it out, the state keeps it, i believe. guest: i am not sure how that would be handled. the difference between what is happening in the state fund, which is state-funded, and the federal reimbursement, i believe the federal reimbursement only goes to the states after they pick up the money. guest: that is my understanding as well. i did nothing states are able to keep money that is not disbursed to the unemplo
CSPAN
Dec 6, 2012 9:00am EST
balanced, responsible ways to reduce our deficit next week. we can reform our tax code next year. but we must give economic certainty to the middle class now, today. democrats agree, independents agree, and the majority of republicans agree, mr. president, and the american public agrees by a huge margin. even dozens of c.e.o.'s from major corporations whose personal taxes go up under our plan emphatically agree. the only people who aren't on board are republicans in congress. but now even they're crying out for compromise. i only hope my friend, john boehner, is listening. the presiding officer: the republican leader is recognized. mr. mcconnell: i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. mcconnell: mr. president? the presiding officer: the republican leader is recognized. mr. mcconnell: i ask consent that further proceedings under the quorum call be dispensed with. the presiding officer: without objection. mr. mcconnell: yesterday afternoon came to the floor and offered president obama's proposal on the fiscal cliff to show t
FOX News
Dec 4, 2012 2:00am PST
denied there is any effect on the deficit at all. durbin said social security hasn't added a dime to the deficit. in 2012 it added $160 billion of debt. that is more than a dime. there are 2.5 trillion in the trust fund in social security that will take care of it for 20 more years, 25 more years. that means pieces of paper in the trust fund where the treasury says we will pay you. it doesn't have the money. it spent surpluss in the past. that's a promise from the treasury which is pank ru bankrupt. that is infection but they know it. the republicans are bad guys these are good guys. surprising to me the president wokd get the revenues he wants from de deductions and exclusions. it is on rates not for economic reasons but political. he wants to break the backs of republicans. it this is a continuation of his campaign he thinks he wants it and now he wants to drive the steak through it. it is all about politics nothing about economics. >> democratic congressman chris van holland appeared on special report. there are cuts to the president's budget but republicans haven't paid attent
FOX News
Dec 4, 2012 9:00pm PST
buffett and all his pals, it will pay off obama's 2011 deficit in the year 2520 circumstance, in 514 years time, and then we'll need the next half millenium to pay off his 2012 deficit. >> i think the republicans were sent there with a mandate as well as president. obviously the american people voted for the status quo. they voted for divided government. here's the question i have. i would no want them to think os and grand hides and the slem hammer we're robbing them with. if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're not taxed like that. the idea that you can close that gap, i think he figured out if he can make this level of spending permanent, he c
FOX News
Dec 7, 2012 12:00pm PST
the tax increase he wants the country would be facing trillion dollar deficits. >> this isn't a progress report because there is in progress to report. when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another week. >>reporter: he calls officials saying they are ready to go over the trip. >>shepard: democrats insist that revenue, revenue, revenue is the key. >>guest: president obama campaigned on it and obviously won and democrats insist upper income americans should pay higher taxes but there could be room to negotiate but their point is they don't want to talk about other aspects of a deal until the g.o.p. gives in on their demand for more tax money. >> what is lacking are the revenues. we cannot cut your way to deficit reduction. what reduces the deficit are jobs. job creation. after spending cuts, and medicare saving, and next is the revenue. >>reporter: leader pelosi spent time at the white house today meeting with president obama on what we are told are a number of issues. >>shepard: thank you, mike, from washington, dc. we know that busi
MSNBC
Dec 3, 2012 6:00am PST
of a process to reduce the deficit the others face. >> republicans don't like owning reform either. this was tom cole on sunday. >> only obama can fix entitlements. democrat versus democrat fight over entitlement which mirrors their fighting over taxes. a response to an argument that was starting before former adviser steve ratner and minnesota democratic congressman keith ellison with near glee. there is no real choice about that. we're clear social security is off the table. this is, to me, the much more interesting debate between tom and dan. >> you want republicans arguing. both sides are also battling for control of the debt ceiling which may represent the republicans' greatest point of leverage in these budget talks. goo the speaker of the house says that's a nonstarter. >> silliness. congress will never give up the power. i've made it clear to the president. we need cuts in reform greater than the increase in the debt limit. >> bottom line, you've got to put a detailed plan on the table that the white house ends up agreeing to some of it, rejects some of it in the same way t
MSNBC
Dec 6, 2012 12:00am PST
that certainty to the middle class. then we can work in earnest together to reduce the deficit in a balanced way that will make sure we don't first throw the middle class under the bus. that whatever we put forward have spending cuts and revenue that is going to take care of the middle class and make sure that we have spending cuts and revenue that ensures that they're fair and that the math works. there has been no evidence thus far that the republicans are interested in doing that. >> this has been the perfect opportunity for them to step forward and show some leadership. the majority of americans do want this right now. congresswoman, the president has asked you to stay on as d next c chair. what is the way forward for the democrats? what's happening here? >> well, we need to continue to focus on rebuilding our economy from the middle class out. president obama talked eloquently and passionately during the campaign about making sure that we can get a handle on this deficit, that we can rebuild our economy from the middle class out, that we can focus on creating jobs and getting the economy tu
CNN
Dec 4, 2012 1:00pm PST
adds so much to the federal budget deficit. so republicans say raise the retirement age to 67 or means testing, meaning making more wealthy americans pay more into the system or get less out of the system. if you means test, that means you're paying less out to affluent americans. if you raise the retirement age, you're paying out less as money comes in and keeping the revenue line closer to the cost line. that is the goal. so when you do a 10 or 20-year calculation, medicare is not adding to the deficit. but that's the policy and just as republicans are having a backlash against the speaker saying we don't think we should put tax increases on the table, the democrats and some of the new members in congress, they say they ran promising not to touch medicare. so they say they won't do this. so you have the credibility challenge. republicans say give us entitlement and other spending cuts and the democrats want higher tax rates. that's why we have a stalemate. >>> an internet icon wanted in connection with the killing of his neighbor. stay with us, you're in "the situation room." that of
MSNBC
Dec 3, 2012 10:00am PST
is that at a minimum, any deficit package has to include this immediate february and march debt ceiling that we're going to hit. >> is jack lew the current chief of staff and former budget director the top candidate to be treasury? what is your best guess? >> he appears to be the frontrunner from everything you see and read and hear and he is a -- i've known him a long time. he's an accomplished guy. he knows these issues perfectly. he has worked in the financial community and has a sense of that and vice versa. and so i think he would be a it terrific choice. >> we should say there are a couple other people who have been rumored to being vetted. roger altman, former treasury official, larry fink, be erskine bowles. this what is alan simpson, erskine bowles' partner in the deficit commission, had to say about that possibility last week on the show. >> he said he would be very pleased to do that. he shared that with me personally, as long as they move the treasury department to north carolina, to charlotte. i don't think -- >> he's worked so hard on this. you don't think he could be persuaded? >
MSNBC
Dec 7, 2012 2:00pm PST
off this fiscal cliff, it doesn't make the deficit worse. it makes the deficit better. it would go a long way toward curing the deficit, but the deficit isn't the immediate problem for most people, the weak economy is. >> i agree. >> and if we dive off the fiscal cliff, the economy could get much weaker. that's -- >> by the way -- >> -- millions of americans. it's a problem for barack obama. >> just to back you up, i really think the great thing is the economy is just starting to lift up a. the unemployment rate is really starting to come down. we're getting good job production. thank you so much, ladies, for coming on tonight. thanks for the sharp thinking we got tonight. >>> up next, if you can't win by the rules, change then. that's what republicans are trying to do in pennsylvania. they don't like the lerer toal college because it didn't work for them. come back for the place for politics. derate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor fe
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